Details to follow, but it looks like Ontario Teachers have cashed out to the tune of $1.3B. Considering they bought their stake for under $300M a decade ago, they done well.

The deal itself seems impressive; both Rogers and Bell jointly threw down a big chunk of cash to do this (reminiscent of the Olympic bid they had together that squeezed the CBC out of the coverage). Rogers is the big winner in all of this, owning all of Toronto’s important sports properties.

More to come as things develop and we have time to percolate on the rammifications of it all. My first thought is that the Jays have done quite well under Rogers’ stewardship, and I expect no less of the Raptors and Leafs.

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  • Scott_Hall

    Question… Are the Raptors going to use their amnesty clause on anyone?

    • Nilanka15

      Colangelo said it’s more than likely he won’t be using it this season.  Which means Bargnani, Calderon, Kleiza and Amir will remain on this roster (unless involved in a trade).

  • Brandon

    Well, Colangelo is now facing a new set of bosses, so I wonder if they’ll clean house and bring in their own hand-picked management team.

    • Raptoronto

      Larry T is still the defacto boss.

      • Yes, he is retaining his position and actually increased his ownership %. With a Rogers/Bell co-op, I would imagine he is the de facto figurehead.

  • K.J.P

    I am a bit concerned about the monopoly Rogers is creating in Canada.

    • Statement

      I agree with this.

      It’s not like they are big spenders in baseball.  I do not want their cheapness to extend to the Raptors.

      • Woahhh…they are not CHEAP in baseball…they’re doing a traditional whole-sale rebuild that is only really entering year 3. The $ will come when it’s time to push the team over the top, not make incremental changes to finish 3rd. Baseball operates differently from basketball.

        Plus, the NBA has a cap floor at 85% of the cap (90% next year)…so it’s not like they could get too cheap even if they wanted to. This gives the team owners with deeeeep pockets now. Might not be a net positive but it’s certainly not a negative.

        • 2damkule

          it may be quibbling, but…i’m pretty sure that the floor will be 80% of the cap this year, 85% next, and 90% the next.  it was a revision made after the initial details had been released.  helps some of the smaller market teams signficantly under the cap – marginally – as they won’t have to spend as much to get to the floor as they originally thought. 

        • More like year 3 of rebuild number 3.

  • FAQ

    CBC must be pissing in their pants and panties over the looming loss of Hockey Night… LOL

    • Nilanka15

      There are 5 other Canadian teams for CBC to cover.  Toronto does not equal the NHL 😛

      • KaioKev

        but i would say Toronto = 6, Montreal = 5.5, Ottawa, Winnipeg, Calgary, Edmonton, Vancouver = 1.5 each. Add that all up and presto!! its equals the Hockey Night In Canada.

        Back to the topic though. Now everyone except people on Telus will have forced sports updates lol.

        Wouldn’t it be weird to see everyone walking around town or on the train or subway with theirs cellphones in hand watching sports??

      • Obviously, you don’t watch hockey.

    • Jo Calderone

      They acquire broadcast rights directly from the NHL.

  • verbatim

    So much for competition self-regulating free-market enterprise.  You have the two largest media giants in Canada that own 99% of all of the wired infrastructure, collaborating on everything (price-fixing their services?  I never said that…but, you know).  All I can say, is prepare Leafs and Raps nation to have to pay for your specialty channels just to watch our local sports teams.  I give it 2 years before not more than 1 game per month will be broadcast on a network station.

    As for the on ice/court product?  Hopefully it will improve, but I expect that the management that runs the teams will not change over.  Just expect more tie-ins between certain Bell and Rogers media and the team.

    • Brandon

      The government owns the airwaves and licenses for television stations, so if there’s a “monopoly” (there isn’t), it isn’t free market competition that’s done it. It’s the state.
      If Rogers/Bell decide to move hockey and basketball to specialty stations, it could have an unintended consequence, similar to what happened to boxing. If it’s harder to watch the team, and follow it, fewer people will do so, and they’ll have perhaps decimated the market they sought to corner.

      • verbatim

        see below.  in addition, i hope that you are right, and that creating specialty channels will force hockey and basketball back to ‘mainstream?’ channels.  However, in this province, I imagine that hockey will thrive because people will pay to watch, but basketball will lose fans.  i hope not.

    • 2damkule

      what’s a ‘network station?’  has there been a raps game that wasn’t on a ‘specialty’ channel in 3 years?  unless we now consider TSN & Sportsnet ‘network’ stations.

      • verbatim

        “network station” was an incorrect term.  It was meant to mean stations that viewers do not normally have to pay outside of a basic cable package in order to watch.  For instance, TSN2 cannot be watched by many people in Toronto.  TSN can.

        As for Brandon’s comment, Bell owns all of those wires under your house connecting to the street.  Rogers does as well.

        It was government intervention that mandated certain policies that forced Bell and Rogers to allow outside competition.  Not that the CRTC is perfect, or even close to it in its regulation of communication, they are lobbied very successfully by Bell and Rogers.  However, make no mistake, the monopoly exists in virtue of the fact that these companies own everything physical that there is to own.

    • 511

      There’s too little competition in the media as it is … and now the two media giants are teaming up to control all the teams that people around here care about. I only care about two of them – Raps and Jays – but no way could I ever want the two main TV signal suppliers being business partners as well as … no, INSTEAD of being competitors. It just makes it too easy for the ‘two’ companies to collude (or impossible not to), putting fans of the teams over a barrel whenever they so choose, without having anyone to answer to (the CRTC is a bullshit organization so they won’t help). So … it’ll happen. I’d wager they’ve already stifled a cackle or two at how easy it’ll all be. Or … how much easier even, than it’s already been. 

  • 2damkule

    the raps are still a small-market team, though, right?  right?